Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia

Research Article

Improving the Objective Well Being of Productive Zakat Recipients by Applying Islamic Micro Finance at Baitul Mal Aceh, Indonesia

Download515 downloads
  • @INPROCEEDINGS{10.4108/eai.12-11-2018.2288780,
        author={Alamsyah  Alwi and Mutiara Dwi Sari},
        title={Improving the Objective Well Being of Productive Zakat Recipients by Applying Islamic Micro Finance at Baitul Mal Aceh, Indonesia},
        proceedings={Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia},
        publisher={EAI},
        proceedings_a={ICOFEB},
        year={2019},
        month={10},
        keywords={objective well being productive zakat},
        doi={10.4108/eai.12-11-2018.2288780}
    }
    
  • Alamsyah Alwi
    Mutiara Dwi Sari
    Year: 2019
    Improving the Objective Well Being of Productive Zakat Recipients by Applying Islamic Micro Finance at Baitul Mal Aceh, Indonesia
    ICOFEB
    EAI
    DOI: 10.4108/eai.12-11-2018.2288780
Alamsyah Alwi1,*, Mutiara Dwi Sari2
  • 1: Faculty of Economy and Management, University College Bestari, Malaysia
  • 2: Faculty of Social Sciences, University College Bestari, Malaysia
*Contact email: alam.alwi@gmail.com

Abstract

This study aims to identify the level of objective well being of the productive zakat recipients in Baitul Mal Aceh Indonesia. The study was a descriptive quantitative that using average score to measure the level of objective well being. A total of 498 productive zakat recipients were involved in this study. The findings show that the level of objective well being of the productive zakat recipient is still moderate. Even for age groups 64 and above, the barber, and low educated respondents are still at low level of objective well being. Therefore, Baitul Mal Aceh needs to increase the amount of micro loans together with provide business expertise and management courses to enhance the bright future objective well being of productive zakat recipients.